Singapore is a hotbed for crypto activities and Bitcoin exchanges. While there are several options on tap, picking the best crypto apps in Singapore can be difficult.

If you are based in Asia’s most crypto-friendly region and want to dive into the crypto space, this guide should come in handy. We will compare some of the best crypto apps in Singapore while highlighting their unique services, fees, supported crypto, ease of use, and payment methods. Let’s begin!

The Best Crypto Apps in Singapore for 2022

If you are based in Singapore and want a list of the best crypto apps for iPhone and Android devices in Singapore, then this list should get you started:

  • Crypto.com – Best app to buy cryptocurrency in Singapore
  • Capital.com – Popular Singapore Crypto App For Commission-free Trading
  • Coinbase – Leading App to Buy Bitcoin In Singapore For Beginners
  • Binance – Trusted Crypto App With Deep Liquidity And Low Fees
  • Bitpanda – Top-Rated App To Buy Crypto Index
  • Zipmex – Top Crypto App With Reasonable Fees

Cryptoassets are a highly volatile unregulated investment product.

The Best Cryptocurrency Apps in Singapore Reviewed

Highlighting some of the best crypto trading apps in Singapore is one thing. The critical issues surrounding them are their fees, minimum deposits, cryptocurrencies supported, and ease of use.

In this section, we provide all these details and more about the top crypto exchanges in Singapore for 2022:

1. Crypto.com – Overall Best Crypto App In Singapore For Security

crypto.com logo

Crypto.com offers one of the best crypto security features in the industry making its app our best crypto app in Singapore for safe crypto trading.

The Bitcoin exchange, supervised by the Malta Financial Security Authority(MFSA), operates under the Foris DAX Asia platform with oversight from the Monetary Authority of Singapore (MAS).

Looking to buy Bitcoin in Singapore securely? Crypto.com safeguards users’ funds with multi-factor authentication (MFA), address whitelisting, and the storage of more than 90% of funds in cold wallet storages. Users’ fiat currencies are also held in regulated custodian bank accounts to the tune of $250,000.

Crypto.com offers access to over 250 top-performing digital assets including the best meme coins and allows users to access over 600 coins on its DeFi Wallet app. New users can get started with as little as $20 or 27.7 Singaporean Dollars (SGD).

Fees on the platform are offered in a tiered system. Level 1 users are charged a trading fee of 0.4% for maker and taker fees. This is slashed to as low as 0.09% for Level 9 users. All Cronos token holders get to enjoy a 10% discount on their trading fees.

To fund an account, investors can use bank wire transfer, credit/debit cards, e-wallet solutions like PayPal, and StraitX transfers. Crypto.com also offers up to 8% crypto cashbacks for transactions executed using its Crypto.com Visa Crypto Card.

Essentially, Crypto.com offers one of the best crypto apps for Android and iPhone devices.

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Crypto.com 0.4% $500 250+

Cryptoassets are a highly volatile unregulated investment product.

2. Capital.com – Best Singapore Crypto App For Commission-free Trading

Capital.com, one of the best altcoins exchanges, is a multi-asset financial services broker. The broker is unique for its zero-commission trading system. This makes Capital.com’s app one of the best Singapore crypto apps.

Capital.com does not charge deposit and withdrawal fees, and new crypto users can get started with as little as 27.63 SGD. However, Capital.com charges overnight fees based on the leverage selected by the user.

Users can make deposits on the platform using bank wire transfer. They can also buy BTC with credit card, Skrill, Neteller, and other e-wallet solutions.

Capital.com has a rich library of 450+ digital assets. However, users can only trade crypto CDs – financial derivative instruments that track the price movement of an underlying asset.

Crypto CFDs are becoming increasingly popular especially for investors interested in day trading crypto, as they are more conventional and do not require investors to store the underlying asset.

To ensure security, Capital.com operates under oversight from the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the UK’s Financial Conduct Authority (FCA). Capital.com does not have a license from the MAS, but all clients’ funds are kept in a separate bank account from the company’s funds.

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Capital.com Spread-based $20 450+

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best App to Buy Bitcoin In Singapore For Beginners

coinbase logo

Coinbase is another top option for users interested in the best crypto apps in Singapore. Due to its focus on new users, Coinbase is often regarded as the best trading platform for beginners.

The platform offers rich educational materials and incentivises users to learn by rewarding them for completing their learning programmes.

New users can invest in cryptocurrency with as little as 2.76 SGD. Users can deposit using bank wire transfers, credit/debit cards, and supported e-wallet solutions.

As fees, Coinbase charges 0.5% to 5% depending on the size of the trade, stipulated asset, and the current network fees.

Buy Crypto on Coinbase

In terms of security, Coinbase offers two-factor authentication (2FA), offline crypto storage, and bank-level security. Insurance coverage for users also sees them able to redeem up to $250,000 of their fiat deposits in the event of a hack.

Coinbase is regulated by the Financial Crimes Enforcement Network (FinCEN) and the UK’s FCA.

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Coinbase 0.5% to 5% 2.76 SGD 10000+

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Top Crypto App With Deep Liquidity And Low Fees

binance logo

Binance is known worldwide as the world’s largest digital asset exchange. The Bitcoin exchange currently processes trades worth billions of dollars every 24 hours.

Binance’s success is largely tied to its deep liquidity and low fees. Users can easily trade over 600 digital assets without any issues.

The exchange offers one of the lowest fees in the crypto space. Level 1 users are charged a negligible fee of 0.10%, for trades, which can be reduced by 25% for Binance Coin (BNB) holders.

Binance home

The minimum deposit starts at 13.82 SGD, and investors can fund their accounts using bank wire transfers, credit/debit cards, peer-to-peer (P2P), and crypto transfers. While order fees for StraitX users stand at 0.6%, crypto deposits are free.

Binance secures funds using 2FA, address whitelisting, and offline crypto storage. In terms of regulation, the exchange has regulatory clearance from most of the regions it operates.

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Binance 0.10% 13.82 SGD 600+

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

5. Bitpanda – Best App To Buy Crypto Index

Bitpanda offers trading access to an industry-leading crypto index, including the BCI5, BCI10, and BCI25 crypto indices. As a result, users can easily diversify their portfolios across top-performing digital asset classes.

The platform also offers access to 100+ digital assets, and users can get started with 25 Euros (about 36.42 SGD).

Deposit methods on Bitpanda include bank wire transfer, credit/debit cards, Skrill, Neteller, and other e-wallet solutions. The deposit flexibility makes the platform’s app one of the best crypto apps in Singapore.

For fees, Bitpanda charges a flat 1.49% for opening and closing trades. However, Bitpanda Pro offers a more inexpensive trading experience and users can pay as little as 0.1% in fees.

The platform is clean-cut and user-friendly, enabling users to easily place trades within minutes.

Also, Bitpanda is regulated by the Austrian Financial Market Authority (FMA).

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Bitpanda 1.49% 36.42 SGD 100+

6. Zipmex – Top Crypto App With Reasonable Fees

zipmex logo

Zipmex needs no introduction as the digital asset trading platform offers one of the best crypto trading apps in Singapore. Launched in 2018, The Bitcoin exchange allows users to buy, sell, and exchange over 60 digital assets.

Zipmex is becoming popular due to its low fees. The Bitcoin exchange offers a trading fee of 0.2%. Users can further reduce their trading fees by holding a minimum of 100 ZMT, the platform’s native token, ensuring VIP Level 1 users enjoy a 10% discount on their trades.

Zipmex charges zero fees for crypto deposits and SGD deposits. However, withdrawals are subject to the cryptocurrency in question, and SGD withdrawals are charged at 0.3%.

zipmex

Zipmex operates under an exemption umbrella for digital payment token (DPT) payment service providers. The platform is user-friendly and the trading interface is clean-cut and easy to navigate.

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Zipmex 0.2% Crypto-based 60+

Top Singapore Crypto Apps Compared

If you are looking for a brief overview of the best crypto apps in Singapore, this table should help.

Platform Trading Fees Minimum Deposit Amount of Crypto Supported
Crypto.com 0.4% $500 250+
Capital.com Spread-based 27.63 SGD 450+
Coinbase 0.5% to 5% 2.76 SGD 10000+
Binance 0.10% 13.82 SGD 600+
Bitpanda 1.49% 36.42 SGD 100+
Zipmex 0.20% Crypto-based 60+

How to Choose the Best Crypto App for You

If you are keen on selecting the best choice for you, we recommend weighing each app against the following metrics:

1. Regulation

Because financial bodies take time to investigate and supervise each platform’s services, using a regulated crypto exchange increases the chances of your funds’ safety. Moreover, most regulated platforms tend to offer insurance coverage in the event of a cyber-attack that leads to loss of funds.

2. User Experience

Using an intuitive mobile app to trade digital assets makes the process engaging and easy to understand. Look out for the overall design language and how easy it is for you to place trades.

3. Fees

Every trader intends to maximise their investment. As a result, fees should be thoroughly vetted. Consider deposit, withdrawal and trading fees.

Also, look out for hidden costs, such as overnight charges for holding a position throughout the night.

4. Tools & Features

Unique tools and features are necessary to help you make better trading decisions. If a platform offers AI-powered services or other industry-leading tools, utilise them to reach your financial goals better.

5. Payment Methods

Prioritise using a platform with multiple payment methods. This gives you flexibility and options and makes it easy to fund your trading account. Some of the best crypto apps in Singapore offer support for bank wire transfer, crypto transfers, P2P, credit/debit cards, and e-wallet solutions like PayPal, Skrill, and Neteller.

6. Tradable Cryptos

Users should also consider access to popular and deep liquidity crypto-assets. Ensure to use a platform with a sizable amount of digital assets as this guarantees liquidity for trades.

Best Crypto Wallet Apps

As important as investing in Bitcoin is, storing your digital assets is even more critical. After selecting the best crypto apps in Singapore, users must acquire a top-notch crypto wallet service. Before we identify the best crypto wallet app in Singapore, let’s discuss what a crypto wallet is.

A crypto wallet is a storage device and a blockchain-specific storage mechanism that safeguards virtual assets. There are several kinds of crypto wallets:

1. Hardware Wallets

Hardware wallets are also called cold storages. With a hardware wallet, users can store their private keys (set of cryptographic symbols and letters used in authorising transactions). Most hardware wallets come in the form of a USB device and can be plugged into a desktop or laptop to access or store digital assets.

Hardware wallets are generally believed to be more secure than their hot or software counterparts, given their general nature of offering storage in an offline pattern.

However, they only work with a desktop or personal computer. As a result, hardware wallets are not ideal for everyday crypto transactions and users who are always on the move.

2. Software Wallets

Software wallets are software applications that store digital assets.

Software wallets require an internet connection before users can access their portfolio and check their balances. Most users tend to gravitate towards software wallets for everyday crypto transactions given the convenience they offer. They are also multi-currency, and a few come with password recovery services.

In terms of security, software wallets take the second position on the list of wallets as users’ coins can easily be stolen in a security breach.

3. Paper Wallets

Paper wallets are what they sound like – crypto assets stored on print. They contain a user’s private keys and public keys, and a few come with barcodes for ease of use. Although paper wallets were the first iterations of digital asset storage, they are prone to damage or loss. Hence, more users are relying on hardware and software wallets to secure their digital holdings.

With so many options on digital asset storage, several newbies may be wondering which one is the best. The answer lies in how you intend to use it. If you plan to buy and hold for the long term without any significant exchange, then a hardware wallet should fit the bill.

crypto defi wallet

However, a more active crypto presence would require you to use a software wallet. Some of the best crypto wallet apps include Crypto.com’s DeFi Wallet, Coinbase Wallet, and the Binance Chain Wallet. However, Crypto.com DeFi Wallet is our top pick for the best crypto wallet app due to a number of reasons.

First of, the software wallet offers large support for multiple cryptocurrencies. Users can easily store 600+ digital assets with ease. The DeFi wallet comes with an ‘Earn’ function for generating stable returns on crypto holdings. Also, the software wallet comes with a DeFi Swap function, which allows traders to triple their investments.

Crypto.com DeFi Wallet is non-custodial. This means you have full control of your private keys and cryptocurrencies, and 2FA and biometric login protect your funds. If you are looking for the best crypto wallet app, we recommend tapping into the Crypto.com DeFi Wallet.

How to Use a Crypto Trading App in Singapore

Now that we have reviewed some of the best crypto apps in Singapore, how do you place your first trade? To demonstrate, we will provide a step-by-step tutorial on using the best Bitcoin app in Singapore, Crypto.com, to invest in your first digital asset.

1. Signup on Crypto.com

sign up to crypto.com

The first step is to visit Crypto.coms’ official website of the Singapore-based exchange. Next, locate the ‘Signup’ button on the top right-hand corner and tap it to open up the registration page. If you intend to use the mobile app, click on the Google PlayStore or Apple Store icon to download the relevant software.

You will be required to fill in your email address and password. Ensure to tick the terms and conditions box and complete the captcha challenge before proceeding.

2. Verify ID

verify account on crypto.com

Crypto.com is a regulated Bitcoin exchange, meaning all new users are required to complete a compulsory know-your-customer (KYC) process to access the full features of the platform. Not to worry, this isn’t difficult.

To do this, tap on the ‘Identity’ tab and upload a copy of your driver’s license or government-issued ID card. You will also need to submit a copy of your utility bill for proof of address.

Once these documents are uploaded, the platform will verify them within minutes.

3. Deposit Funds

The next step would be to make a deposit.

For the deposit of funds, Crypto.com offers a streamlined payment process. Investors can easily fund their accounts using a bank wire transfer, credit/debit card, crypto transfers, or e-wallet solutions. The best thing about Crypto.com is that it supports 20+ fiat currencies, including the Singapore Dollar. You will need to deposit a minimum of 27.7 SGD to be able to place your first trade.

4. Buy Crypto

buy cryptocurrency on crypto.com

Once funds have been deposited, tap on the ‘Prices’ button at the top of the page to access a full entourage of crypto assets supported on the platform. Another option would be to type in the ticker symbol of the asset you want to buy. For instance, if you want to buy Bitcoin, input ‘BTC’ into the search bar and click on ‘Trade’ to open the purchasing dialogue.

Select the fiat currency you intend to use (in our case, that is the SGD). Insert how much BTC you want to buy and click on ‘Buy BTC’ to complete the process once this is done, congratulations! You have completed your first crypto trade.

Conclusion

The crypto market is rapidly expanding, and more trading platforms are springing up by the day. While regions like Singapore are one of the hotspots for digital assets trading, getting the best crypto apps in Singapore is no mean feat.

Given this, we recommend using Crypto.com for all your crypto trading activities. The platform comes with a sizable amount of crypto assets alongside top-notch security measures. Users also enjoy low trading fees of 0.40% and earn cashback rewards on completing crypto transactions.

Cryptoassets are a highly volatile unregulated investment product.

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